Viren Modi

Background

About Viren Modi

Experienced professional specializing in independent validation of daily margin requirements for Uncleared OTC Derivatives across diverse product classes, including Equity, Rates, FX, Credit, and Commodities. Proficient in ISDA SIMM (Standard Initial Margin Model), Greek calculations (Delta, Gamma, Vega, Theta), and market risk concepts such as Value at Risk (VaR). Skilled in pricing models, model validation, and testing methodologies to ensure compliance with regulatory frameworks. Demonstrated expertise in resolving Initial Margin (IM) discrepancies by effectively liaising with counterparties and collaborating with internal teams, including Front Office, Trading Desk, Quants and Legal teams. Proficient in leveraging tools like Python and VBA for automation, data analysis, and process optimization. Possess a solid understanding of derivatives risk management, regulatory compliance, and financial instruments. Recognized as a detail-oriented team player with a proven ability to adapt, learn, and contribute in dynamic and high-pressure environments. Adept at fostering cross-functional collaboration to streamline operational processes and drive efficient risk mitigation strategies.